Filing Flows › Teads Holding (TEAD) › Q4 2025
Teads Holding (TEAD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Teads Holding (TEAD) reported revenue of $352M for the fourth quarter 2025 (Q4 2025), +50% from a year earlier and +10% from the quarter before. Operating margin was -98.2%, net loss $428M (121.6% of revenue).
Teads Holding, Q4 2025: revenue $352M (+50% year over year), operating margin -98.2%, net loss $428M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $352M | +10% | +50% |
| Operating profit | −$346M | — | — |
| Net earnings | −$428M | — | — |
| Operating cash flow | $7.3M | — | -83% |
| Free cash flow | $1.4M | — | — |
What changed
Revenue was $352.2M in Q4 2025, up 50% year over year and up 10% from the previous quarter.
Gross margin was 34.2%, up 10.3 points from a year earlier. Operating costs exceeded revenue by $346.0M, an operating margin of -98.2%. Operating expenses grew 771% against revenue growth of 50%. The fastest-growing cost line was Sales & marketing (+192%). The quarter ended with a net loss of $428.2M, wider than the previous quarter's $19.7M loss.
Operating cash flow was $7.3M (down 83% year over year). Non-cash charges added back $15.8M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $416.4M. After capitalized software development costs ($5.1M) and purchases of property and equipment ($755K), free cash flow as the company reports it was $1.4M.
Questions
What was Teads Holding's revenue in the fourth quarter 2025?
Teads Holding (TEAD) reported revenue of $352M for the fourth quarter 2025 (Q4 2025), +50% from a year earlier and +10% from the quarter before.
Was Teads Holding profitable in the fourth quarter 2025?
Operating loss was $346M (-98.2% of revenue) and net loss $428M.
Source: Teads Holding 10-K on SEC EDGAR.